According to Bloomberg report, Google plans to invest up to $40 billion in Anthropic to support the AI firm’s growing computing needs. According to Anthropic, the Alphabet subsidiary has now committed to invest $10 billion in Anthropic at a valuation of $350 billion, with a further $30 billion to be invested if Anthropic meets certain performance targets.
The investment promise comes after Anthropic released its latest model, Mythos, to a limited group of partners this month. Anthropic says the Mythos is the company’s most powerful model to date and has important cybersecurity applications. Due to potential abuse, Anthropic has restricted widespread access while it works with select organizations to evaluate and address those risks – although the model has already fallen into unapproved hands. It is also potentially expensive to run on a large scale.
The AI race is increasingly being defined by access to the compute needed to train and deploy these systems. OpenAI has moved aggressively to secure that capability through a web of multi-hundred billion dollar deals across cloud providers, chip suppliers and energy, including an expanded deal this month with chipmaker Cerebra.
Anthropic has been in a struggle with itself. The company has faced widespread complaints about cloud usage limits in recent weeks and responded with several infrastructure deals. Earlier this month, Anthropic inked a deal with cloud computing provider CoreWeave for data center capacity. This week it also secured an additional $5 billion investment from Amazon, part of a broader deal under which Anthropic is expected to spend up to $100 billion over time for about 5 gigawatts of compute capacity.
While Google is a direct competitor in AI models, it is also a major infrastructure supplier to Anthropic. Anthropic relies heavily on Google Cloud for chips and infrastructure, including access to Google’s tensor processing units (or TPUs), which are specialized chips designed for AI workloads and considered one of the best alternatives to Nvidia’s in-demand processors.
Anthropic’s relationship with Google predates this week’s news. Earlier this month, Anthropic announced a partnership with Google and chip maker Broadcom to design custom AI chips for Google to deliver access to several gigawatts of TPU-based computing capacity starting in 2027; Later Broadcom securities filings put that figure at 3.5 gigawatts.
The new Google investment expands that arrangement, with Google Cloud now delivering 5 gigawatts of new capacity over the next five years, with room to grow further.
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As recently as February, Anthropic was valued at $350 billion; According to Bloomberg, investors have since been eager to back the company worth $800 billion or more. The company is also reportedly considering an IPO in October.
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